The Crimean Republican Association of Blockchain Investment Technologies (Krabit) plans to set up an international training center to teach students from economically and politically sanctioned countries about blockchain – the underlying technology behind cryptocurrencies. The course will be taught as part of the university curriculum and lecturers will include members of the association.

According to Bitnovosti, Estonia issued licenses to almost 500 cryptocurrency exchanges and 400 wallet providers. A law firm called Njord studied data from the country’s Registrar of Economic Activities and found that procuring a license for cryptocurrency-related businesses is easy and uncomplicated. To keep exchanges and other related businesses in check, the lawmakers of Estonia created the Estonia Money Laundering and Terrorist Finance Prevention Act.

Oxfam, a global charity organization, spearheads BlocRice in Cambodia to boost the transparency and tracking of the country’s rice logistics. BlocRice is an app that applies the distributed ledger technology for implementation of smart contracts. The ledger will record the fresh from the farm price of organic rice, its trade volume and the means of transport.

Romania’s Directorate for Investigating Organized Crime and Terrorism (DIICOT) is probing if the ‘Rezist’ movement is being financed through cryptocurrency. The DIICOT is examining crypto transactions that moved through several organizations. The public prosecutor responsible for the investigation is looking into the possibility that every transaction might have originated from the Stefan Batory Foundation located in Poland.

Erol Yarar, chairman of International Business Forum – a Muslim-focused lobby group, said the US currency has become a ‘sanctioning tool’ losing its function as a tool for international trade. Yarar further says that because of this, a common cryptocurrency for Muslim countries will be made to impair US dominance in the global financial system.

The Thai News Agency (TNA) reports that the Bank of Thailand (BOT) governor has said that replacing money with a Central Bank Digital Currency, or CBDC, will take time. The complicated nature of the process, technological efficiency, and the eagerness of citizens to adopt such a change are components that have to be considered. Thus, Thailand is not likely to make the switch in the next 3 to 5 years.

A document written by the Minister of Industry and Information Technology of China encourages hastening the development of blockchain standards within the country where he relays that the technology has the potential be applied not only to finance, but also to social welfare, logistics, and entertainment industries. He invites his country to ‘play a key role’ in the technology’s international development, whilst restructuring the standards to fit China’s general environment.

... And Not to Miss Out

The US SEC issued a public statement on 16 November regarding the issuance and trading of digital asset securities. According to the statement, the SEC is encouraging innovations within the field but market participants are called to conform to the federal securities law framework. The statement cited its most recent actions against various crypto companies and exchanges, which includes AirFox, Paragon, and EtherDelta’s founder.

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